Friday, August 30, 2013

That’s exactly what many well-respected economists, billionaires, and noted authors are telling you to do — experts such as Marc Faber, Peter Schiff, Donald Trump, and Robert Wiedemer. According to them, we are on the verge of another recession, and this one will be far worse than what we experienced during the last financial crisis.

Marc Faber, the noted Swiss economist and investor, has voiced his concerns for the U.S. economy numerous times during recent media appearances, stating, “I think somewhere down the line we will have a massive wealth destruction. I would say that well-to-do people may lose up to 50 percent of their total wealth.”

When he was asked what sort of odds he put on a global recession happening, the economist famous for his ominous predictions quickly answered . . . “100 percent.”

Faber points out that this bleak outlook stems directly from Federal Reserve Chairman Ben Bernanke’s policy decisions, and the continuous printing of new money, referred to as “quantitative easing” in the media.

Faber’s pessimism is matched by well-respected economist and investor Peter Schiff, the CEO of Euro Pacific Capital. Schiff remarks that the stock market collapse we experienced in 2008 “wasn’t the real crash. The real crash is coming.”

Schiff didn’t stop there. Most alarming is his belief that daily life will get dramatically worse for U.S. citizens.

“If we keep doing this policy of stimulus and growing government, it’s just going to get worse for the average American. Our standard of living is going to fall . . . People who are expecting Social Security can’t get all that money. People expecting government pensions can’t get all their money . . . We simply can’t afford to pay them.”

Equally critical of the current government and our nation’s economy is real estate mogul and entrepreneur Donald Trump, who is warning that the United States could soon become a large-scale Spain or Greece, teetering on the edge of financial ruin.

Trump doesn’t hesitate to point out America’s unhealthy dependence on China. “When you’re not rich, you have to go out and borrow money. We’re borrowing from the Chinese and others.”

It is this massive debt that worries Trump the most.

“We are going up to $16 trillion [in debt] very soon, and it’s going to be a lot higher than that before he gets finished,” Trump says, referring to President Barack Obama. “When you have [debt] in the $21-$22 trillion [range], you are talking about a [credit] downgrade no matter how you cut it.”

In a recent appearance, Trump went to so far as to say the dollar is “going to hell.”

Where Trump, Faber, and Schiff see rising debt, a falling dollar, and a plunging stock market, investment adviser and author Robert Wiedemer sees much more widespread economic destruction.

In a recent interview to talk about his New York Times best-seller Aftershock, Wiedemer says, “The data is clear, 50 percent unemployment, a 90 percent stock market drop, and 100 percent annual inflation… starting in 2013.”

Before you dismiss Wiedemer’s claims as impossible or unrealistic, consider this: In 2006, Wiedemer and a team of economists accurately predicted the collapse of the U.S. housing market, equity markets, and consumer spending that almost sank the United States. They published their research in the book America’s Bubble Economy.

When the interview host questioned Wiedemer’s latest data, the author unapologetically displayed shocking charts backing up his allegations, and then ended his argument with, “You see, the medicine will become the poison.”

The interview has become a wake-up call for those unprepared (or unwilling) to acknowledge an ugly truth: The country’s financial “rescue” devised in Washington has failed miserably.

The blame lies squarely on those whose job it was to avoid the exact situation we find ourselves in, including Bernanke and former Fed Chairman Alan Greenspan, tasked with preventing financial meltdowns and keeping the nation’s economy strong through monetary and credit policies.

At one point, Wiedemer even calls out Bernanke, saying that his “money from heaven will be the path to hell.”

But it’s not just the grim predictions that are causing the sensation in Wiedemer’s video interview. Rather, it’s his comprehensive blueprint for economic survival that’s really commanding global attention.

The interview offers realistic, step-by-step solutions that the average hard-working American can easily follow.

The video was initially screened for a relatively small, private audience. But the overwhelming amount of feedback from viewers who felt the interview should be widely publicized came with consequences, as various online networks repeatedly shut it down and affiliates refused to house the content.

Bernanke and Greenspan certainly would not support Wiedemer publicly, and it soon became apparent mainstream media would not either.

“People were sitting up and taking notice, and they begged us to make the interview public so they could easily share it,” said Newsmax Financial Publisher Aaron DeHoog. “But unfortunately, it kept getting pulled.”

GOE: Am I therefore become your enemy, because I tell you the truth? - Galatians 4:16

1) EAGLES MUST UPHOLDING THE TRUTH - Dear children, let's not merely say that we love each other; let us show the truth by our actions (1 Jn 3:18). Truth without love is cruelty, but love without truth is hypocrisy. But, speaking the truth in love, we may grow up into Him in all things, who is the Head, the Christ (Ephesians 4:15).

2) EAGLES MUST FOCUS ON JESUS AND CALLING - Therefore, holy brothers, partners in a heavenly calling, keep your focus on Jesus, the apostle and high priest of our confession (Hebrews 3:1)

3) IT'S TIME FOR THE EAGLES TO GATHER - “Gather to me My faithful ones, who made a covenant with Me by sacrifice!” (Psalms 50:5), Whoever is not with Me is against Me, and whoever does not gather with Me scatters. (Matthew 12:30)

- JL

Disclaimer:

It is my aim to post messages in which I hear the cry of the Spirit, but I do not necessarily agree with every word that comes forth and is posted here. Some may be dubious but worth your consideration. Please use your own judgement and discern for yourself. Please feel free to copy and share these articles along with the Link to this Blog. Though distribution of this material via e-mail, or individual copies, is permitted, it is on the condition that it will be used solely for non-commercial purposes and will not be sold or used in anyway for profit. Thank you.

Since July 5, 2010

Followers

Great Quotes: Make sure that the light you think you have is not actually darkness. Luke 11:35

There are two ways to be fooled. One is to believe what isn't true; the other is to refuse to believe what is true.

Soren Kierkegaard (1813-1855)

The only man who has the right to say that he is justified by grace alone is the man who has left all to follow Christ - Dietrich Bonhoeffer

The doctrine of blind obedience and unqualified submission to any human power, whether civil or ecclesiastical, is the doctrine of despotism, and ought to have no place among Christians - Angelina Grimke

Loyalty towards other humans is not absolute, and that such loyalty should only be to God. “No organization ever views its leaders as infallible. If they do, they do not understand the concept of obedience towards the leader." -MYR

The bee is more honored than other animals, not because she labors, but because she labors for others - John Chrysostom

A towering ego, an insatiable appetite for adoration and applause, a rampant libido, and above all, an eye on the big money, mark out the "charismatic" personality well-suited to the business of religion. All he needs is oratorical skill, unbridled ambition and a leg-up from a "name" already in the business -Mat 7:15-20 a good tree cannot bear bad fruit, nor can a bad tree bear good fruit...... therefore, by their fruits you will know them.

“So any adroit (clever or skillful), unscrupulous fellow, who knows the world, has only to get among these simple souls and his fortune is quickly made; he plays with them.” – Lucian of Samosata, "The Passing of Peregrinus." (2nd century AD).

"After the prophets, the false prophets; after the apostles, the false apostles; after Christ, anti-Christ." - John Chrysostom

Trials teach us what we are; they dig up the soil, and let us see what we are made of. If we cannot believe God when circumstances seem be against us, we do not believe Him at all - Charles Spurgeon

We are commanded to have only one enemy, the devil. With him never be reconciled! But with a brother, never be at enmity in thy heart.Correct him, but not as a foe, nor as an adversary exacting a penalty, but as a physician providing medicines - John Chrysostom

“Men live in glad obedience to the masters they believe in, or they live in a frictional opposition to the master they wish to undermine.” – D.H. Lawrence

“People suppose they may be followers of Christ and yet ignore the path which He traveled; that they may decline the unpleasant task of denying self and yet make sure of heaven. What a delusion!” —A. W. Pink (1886–1952)

Men never do evil so completely and cheerfully as when they do it from religious conviction - Blaise Pascal

To render good for evil is divine.’ To render good for good is human.’ To render evil for evil is brutish.’ But to render evil for good is devilish! - Thomas Brooks